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Stock Trend Analysis Report

Prepared for you on Sunday, December 10, 2017.

MELCOR DEVELOPMENTS LTD (TSE:MRD)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

TSE_MRD
Open High Low MRD Price Change
14.99 15.20 14.99 15.20 +0.27
Entry Signal

MarketClub’s Trade Triangles for MRD

long term down The long term trend has been DOWN since Jul 5th, 2017 at 15.25

intermediate term up The intermediate term trend has been UP since Nov 30th, 2017 at 15.20

short term down The short term trend has been DOWN since Dec 8th, 2017 at 15.00

Smart Scan Analysis for MRD

Based on a pre-defined weighted trend formula for chart analysis, MRD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for MRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.99 15.20 14.99 15.20 +0.27
Prev. Close Volume Bid Ask Time
15.25 3160 2017-12-08 11:28:44
Year High16.99Year High Date2017-04-10
Year Low13.8Year Low Date2017-02-06
52wk High16.9952wk High Date2017-04-10
52wk Low13.0552wk Low Date2016-12-08
Year End Close15.75Average Volume3,133
Volatility15.04
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